19 Sep 2012 14:00
19 September 2012
VinaLand Limited
Share buyback
VinaLand Limited ('the Company' or 'VNL') announces that on 18 September 2012, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, and in accordance with the terms referenced in the share buyback programme update announcement on 9 August 2012, the Company purchased 250,000 Ordinary Shares of US$0.01 each at an average price of US$0.44 per share.
Following this transaction, VNL has spent USD7.4 million overall repurchasing 13,257,225 shares which have been cancelled. This represents 2.65 percent of the Company's 499,967,622 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 486,710,397.
More information on the Company is available at www.vinacapital.com/vnl.
Enquiries:
David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
mark.walters@fticonsulting.com
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com